DSHUSD: The Price Action at The Bottom

The market reached the bottom, and the price action in this zone can give us trade opportunities and signals confirming the further direction.

We can see that the price bounced from the support zone between 50.00 and 48.20 several times. If the price reaches this zone again, we should be ready to see a reversal. RSI and MACD histogram will have to confirm this signal.

If so, it will be possible to buy with stop orders below 48.20 support.

The next important thing is Moving Average with 100 period. We also can see how the price bounced from this trend line in the past.
If you want to get a trend reversal confirmation and open buy trades following more reliable signals, it will be better to wait for a breakout above MA100.

It is possible to combine the breakout and reversal signals and open long positions using different entry points.

If the price breaks the bottom, it will confirm the strength of sellers and we will see the further falling to 30.00 and probably 20.00 support levels based on round numbers.